A limited liability company (LLC) is a business structure that offers several advantages, including pass-through taxation and protection from personal liability. While forming an LLC in New York is an easier process than forming a corporation, still several steps must...
https://vimeo.com/825503455?share=copy How do I form a new company? How you form a company, very much depends on the form of entity that you choose for your business. Some forms of business can be done with a handshake between partners. Some require a formal...
A partnership is formed when two or more people agree to conduct business to make a profit. Every partnership needs to have a solid written agreement. Although not required by law, a partnership agreement is a crucial step to take to ensure there are no...
If you’re starting a business, you may wonder which entity is best for your needs. Limited Liability Companies (LLCs) are one of the most common structures used in business (LLC) for personal liability protection, tax benefits, and other advantages they offer. An LLC...
If you’re planning to structure your business as a single-member Limited Liability Company, you might wonder whether you need an operating agreement. You might need it for several reasons. Since having an operating agreement in place can save you significant...
As a shout-out to all my accountant readers and colleagues, I would like to discuss a corporate structure with an S Election – or the S-corporation structure. Many business owners choose to structure their companies as S-corporations. This status provides small...
